Are there any altcoins that are independent to Bitcoin?

[Denies]

I am wondering if there are coins that are independent to the Bitcoin price? Like, if Bitcoin's value increases, the altcoin will not increase at the same time Bitcoin does. Or maybe, I am wrong that the price of Bitcoin doesn't have any effect to the value of altcoins? Please enlighten me with this topic. If there's any coins that are independent, what are the benefits that you can get in investing to that altcoin that you can't get in investing in Bitcoin?

crypto market is strongly bound to bitcoin. if the occurrence of accidents on bitcoin will greatly affect other altcoin. when bitcoin decreases drastically, many of the investors will secure its assets in local currency, and investors will turn away from all altcoin. therefore, no one altcoin can move independently for the moment.

[kimochidesh]

I am wondering if there are coins that are independent to the Bitcoin price? Like, if Bitcoin's value increases, the altcoin will not increase at the same time Bitcoin does. Or maybe, I am wrong that the price of Bitcoin doesn't have any effect to the value of altcoins? Please enlighten me with this topic. If there's any coins that are independent, what are the benefits that you can get in investing to that altcoin that you can't get in investing in Bitcoin?

Yes the prices of Altcoins tend to follow Bitcoin. This is mostly due to Altcoin/Bitcoin pairing being traded. Every major exchange offers BTC trading pairs. Because BTC is the top coin being traded for other alts in terms of market cap, volume, and general popularity, it is thus at the center of the crypto economy and has some gravity behind it. Therefore, the prices of Altcoins mostly follow Bitcoin’s prices.

[KEPLER99]

I don't think there is any altcoin that is fully independent from Bitcoin. Even Ethereum price is somehow affected by Bitcoin. But if many exchanges start to provide altcoin to fiat pair. And not altcoin + bitcoin pair. I think altcoin will be more independent.

In my opinion, almost all the crypto coins which are there in this world are quite dependent on each other. Same is the case when we talk about wither bitcoins or altcoins. Bitcoin is the bets coin and that it has a very strong hold in the entire crypto market and that the change in the market value of the bitcoin effects the market value of rest of the crypto coins and that’s why bitcoin is at the top of the list.

[Gridness]

I guess no coins are unaffected by the fall and rising bitcoin prices. Because until now bitcoin as a benchmark altcoin

[Haunebu]

I am wondering if there are coins that are independent to the Bitcoin price? Like, if Bitcoin's value increases, the altcoin will not increase at the same time Bitcoin does. Or maybe, I am wrong that the price of Bitcoin doesn't have any effect to the value of altcoins? Please enlighten me with this topic. If there's any coins that are independent, what are the benefits that you can get in investing to that altcoin that you can't get in investing in Bitcoin?

Yes the prices of Altcoins tend to follow Bitcoin. This is mostly due to Altcoin/Bitcoin pairing being traded. Every major exchange offers BTC trading pairs. Because BTC is the top coin being traded for other alts in terms of market cap, volume, and general popularity, it is thus at the center of the crypto economy and has some gravity behind it. Therefore, the prices of Altcoins mostly follow Bitcoin’s prices.

I agree with your points. There is a direct correlation between Bitcoin and the altcoin market and people who don't agree must do their research. I have observed that Bitcoin and altcoins are directly proportional to each other majority of the time and inversely proportional to each other minority of the time. This is why majority of the crypto community get excited everytime they see Bitcoin move upwards since they realize that this would most likely help almost all altcoins rally along with it. I don't see this changing anytime soon which is why I continue to be optimistic about the future of Bitcoin and the altcoin market.

[AliErkic]

I am wondering if there are coins that are independent to the Bitcoin price? Like, if Bitcoin's value increases, the altcoin will not increase at the same time Bitcoin does. Or maybe, I am wrong that the price of Bitcoin doesn't have any effect to the value of altcoins? Please enlighten me with this topic. If there's any coins that are independent, what are the benefits that you can get in investing to that altcoin that you can't get in investing in Bitcoin?

I'm sure you will find not related coins to Bitcoin. When a new coin is listed the price is different from new investors buying and olds selling. Price has to go stable and it needs time.

A project crashed will also have a different price because it means only bad to especial coin. But main all coins are related in way to Bitcoin...

[indobitcoin.tk]

There may be, but despite a number of naturally, there is also not much. However, if it is indeed found that Crypto as it will be difficult to know his movements because of unpredictable and different from the other crypto. Although the movement is free but does not guarantee it will be able to be great by itself.